USD/CAD short 4Hr Supply Zone: I believe that the trade should be triggered in the supple zone I drew out (yellow rectangle)
Market Structure: There is a good market structure formation and I believe that the price will go up to the supply zone then continue the market structure towards the downside.
Fib tool: This is also aligning close to my price trigger and the t/p
Support level: if we go back in time we can see that my t/p is put on a support level (orange dotted line).
CADUSD trade ideas
Bearish reversal for the Loonie?USD/CAD is reacting off the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3692
Why we lik eit:
There is an overlap resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.3777
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 1.3552
Why we like it:
There is a pullback support level.
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fomc or fomo?? can trump keep rate down or will powell win? fomc or fomo??
can trump keep rate down or will powell win?
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USD/CAD(20250618)Today's AnalysisMarket news:
World Gold Council: 95% of central banks expect gold reserves to rise in the next 12 months.
Technical analysis:
Today's buying and selling boundaries:
1.3642
Support and resistance levels:
1.3778
1.3727
1.3694
1.3590
1.3557
1.3506
Trading strategy:
If the price breaks through 1.3694, consider buying, the first target price is 1.3727
If the price breaks through 1.3642, consider selling, the first target price is 1.3590
USDCAD Breakout from Parallel Channel | Bullish Move Ahead?USD/CAD has just broken out of a well-respected downward parallel channel, signaling a potential trend reversal. We saw a strong bullish impulse that pushed price above the channel resistance and now appears to be consolidating just above it.
🔍 What to Watch For:
Pullback Opportunity: Price may retest the breakout zone (~1.3640–1.3660). This zone could act as new support, providing a good entry point for buyers.
Upside Target: The next major resistance sits near 1.38542, offering a potential move of over 180+ pips from current levels.
Momentum: Bullish momentum is strong, suggesting a high probability of continuation after a healthy pullback.
📈 Bullish Bias remains intact as long as price holds above the breakout zone.
📉 If price drops back inside the channel, reevaluation of the bullish outlook will be needed.
🔔 Trade Idea: Look for long opportunities on a successful retest with confirmation (bullish candlestick or volume surge).
💬 What are your thoughts on this breakout? Are you long on USD/CAD or waiting for confirmation? Let me know in the comments! 👇
USD/CAD mid-term shift?The rise in the US Dollar Index has led to a rebound against several currencies such as the Canadian dollar, the euro, and the Japanese yen, shifting the medium-term bearish trend into a bullish one. One of the pairs that could benefit from the USD’s strength is the USD/CAD.
After the USD/CAD pair recorded a new high by breaking the last lower high, the recent pullback is considered a correction within the upward trend. The price is likely to rise from the 1.35725 level toward the 1.36567 target.
However, a drop below the 1.35397 level and a 4-hour candle closing beneath it would invalidate the bullish scenario.
Note:
This pair is trading in a general downtrend on the daily timeframe. However, the above analysis is specifically based on the 4-hour chart for the medium-to-short-term outlook.
Markets are also closely watching the Federal Reserve meeting later today, as its outcome will have a direct impact on all USD-related currency pairs.
USDCAD is Nearing The Daily Trend!!Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36950 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36950 support and resistance area.
Trade safe, Joe.
Bearish USD/CAD Presents a Selling Opportunity Now.FenzoFx—USD/CAD surged to 1.3686, a resistance zone backed by a bearish Fair Value Gap. Stochastic shows 81.0, signaling short-term overpricing. The market remains bearish below 1.3729, with fundamentals pointing to a stronger CAD.
A decline toward 1.362 is likely if USD/CAD stays below 1.3729.
Bearish reversal off pullback resistance?The Loonie (USD/CAD) is rising towards the pivot which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse to the 1st support.
Pivot: 1.3706
1st Support: 1.3599
1st Resistance: 1.3793
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USDCAD H4 I Bullish Bounce Off the supportBased on the H4 chart analysis, the price is falling toward our buy entry level at 1.3600, a pullback support that aligns with the 61.8% Fib retracement.
Our take profit is set at 1.3703, a pullback resistance.
The stop loss is placed at 1.3500, a swing low
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Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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USD/CAD Faces Rejection at 1.3692 – Downside Risk Toward 1.3597
USD/CAD was rejected at the key resistance zone between 1.36670 and 1.36928, and has since begun pulling back. This reaction comes as price remains within a broader descending channel.
If the bearish momentum continues, the next levels to watch on the downside are 1.36347, followed by 1.35970. A break below those could open the path toward the major support at 1.35402.
🔻 Rejection Zone: 1.36670 – 1.36928
🔻 Support 1: 1.36347
🔻 Support 2: 1.35970
🔻 Support 3: 1.35402
🔻 Trend: Bearish within descending channel
🔻 Timeframe: 4H
This is a technical idea only – not financial advice.
USD/CAD: Signs of a bottom as bulls fight backTuesday’s bullish move in USD/CAD has delivered a signal often seen at bottoms, taking out several key technical resistance levels in the process, including the December 2023 uptrend. With bearish momentum starting to reverse, upside risks look to be building.
Those in the market for a long setup could initiate positions around these levels with a stop beneath 1.3650 for protection. Tuesday’s high of 1.3693 now stands as an important near-term level. A break above opens the door to the June 10 high at 1.3728 as one potential target, along with 1.3750.
If either level is hit, reevaluate whether to hold, cut or reverse, given the setup runs counter to the broader trend.
Good luck!
DS
USDCAD SHORT IDEA- USDCAD Is EXTREMELY WEAK AND READY FOR SELLOANDA:USDCAD USDCAD Is extremely weak I expect price to drop hard from here.
TRADE BREAKDOWN
Weekly Trend is Bearish.
Daily Trend is Bearish.
4H Trend is also Bearish.
This is 100% a trend following strategy trade.
The entry is taken on 4H time frame targeting the recent weekly swing low.
This is a 4RR Trade.
USDCAD POTENTIAL LONG OPPORTUNITY...HISTORY REPEATS ITSELFHey hey TradingView fam! It has been a minute (more like months lol) since I've done a post on here for you guys so just wanted to come on and drop an potential swing trade opportunity I see on the USDCAD currency pair! So let's get straight to it
OK so it is pretty straight forward (at least in my eyes) but as you can see on the chart USDCAD is coming into a weekly demand zone. IF you are unfamiliar with what a "demand zone" is it is actually very simple. Think of it this way...a buyer zone/area. Literally simple as that. It is a previous zone that a buyer was interested in before. How do we know that? One of the most incredible thing about the charts is that it is like a receipt. It shows the transactions that have taken place.
SO...when we look left back @ the 1.3600 price handle we can see that there was aggressive buying that took place here. How do we know? THE CHART LITERALLY ROSE/SKYROCKETED FROM THIS LEVEL. Ever heard of the phrase history repeats itself? It is ESPECIALLY true in the markets!
OK so hopefully you guys got some nuggets from this post was more of a psychological breakdown than anything but truly want to help those of you who may see the charts as this complicated phenomena to realize that it is actually so so simple. And my main goal is to make trading simple again.
Love & appreciate you all! Thanks for tuning in! If you found some value in this please boost this post & follow my page for accurate analysis and simple trading! Cheers!
Potential bullish rise?USD/CAD has reacted off the resistance level and could rise from this level to our take profit.
Entry: 1.3603
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3540
Why we like it:
There is a pullback support level.
Take profit: 1.3704
Why we like it:
There is an overlap resistance level that lines up with the 50% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
The chart showcases the U.S. Dollar (USD) to Canadian Dollar (CAThe price has risen steadily from a low of 1.31512 since early 2024, peaking at 1.47931, with the 200-day EMA (orange line) providing strong support since December 2024. I expect the price to potentially test the resistance around 1.38812 again if the upward momentum continues.
The focus is on the 200-day EMA as a key support level
USDCAD LONG FORECAST Q2 W25 D17 Y25 12:18 GMT UPDATEUSDCAD LONG FORECAST Q2 W25 D17 Y25 12:18 GMT UPDATE
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
💡Here are some trade confluences📝
✅1H order block
✅HTF 50 EMA
✅Intraday bullish breaks of structure to be identified
✅15’ order block identified
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X